What was the primary driver of ExxonMobil's increased earnings in the first half of 2011?

The primary driver of ExxonMobil's increased earnings was higher crude oil and natural gas realizations, particularly within its Upstream segment. This contributed significantly to the 54% rise in net income for the first six months of 2011 compared to the same period in 2010.

How is ExxonMobil investing for future growth?

ExxonMobil is investing heavily for future growth, with record capital and exploration expenditures of $18.1 billion in the first six months of 2011. The company plans to invest between $33 billion and $37 billion annually over the next several years to develop new energy supplies.

What is ExxonMobil's strategy for returning capital to shareholders?

ExxonMobil focuses on returning capital to shareholders through a combination of dividends and share repurchases. In the second quarter of 2011 alone, the company distributed over $7 billion to shareholders via these methods.

Are there any significant legal or contingent liabilities that investors should be aware of?

The company is involved in various legal proceedings, including a significant jury verdict in Baltimore related to a gasoline leak, which awarded substantial compensatory and punitive damages. While ExxonMobil believes the verdict is not justified and plans to appeal, the ultimate outcome of this and other contingencies are not expected to have a material adverse effect on the Corporation's operations, financial condition, or financial statements taken as a whole.

XOM 10-Q Quarterly Report Q2 FY2011 — Revenue, Net Income, EPS

Summary

Exxon Mobil Corporation (XOM) reported a significant increase in financial performance for the first half of 2011 compared to the same period in 2010. Net income attributable to ExxonMobil reached $21.33 billion, a substantial rise from $13.86 billion in the prior year, driven by higher crude oil and natural gas realizations across its Upstream segment. The company also saw improved results in its Downstream and Chemical segments. During the second quarter of 2011, capital and exploration expenditures reached a record $10.3 billion, reflecting the company's commitment to investing in future energy supplies. ExxonMobil continued its focus on returning value to shareholders, with over $7 billion distributed in the second quarter through dividends and share repurchases. The company maintains a strong balance sheet with a low debt-to-total capital ratio of 9.2% at the end of the quarter.

Financial Highlights

43 data points

Beta

Net Income

$10.68B

EPS (Diluted)

$2.18

Total Assets

$326.20B

Cash & Equivalents

$8.29B

Free Cash Flow

$5.08B

Financial Statements

Beta

SG&A Expenses	$3.68B
Operating Expenses	$106.87B
Interest Expense	$45.00M
Net Income	$10.68B
EPS (Basic)	$2.19
EPS (Diluted)	$2.18
Shares Outstanding (Basic)	4.91B
Shares Outstanding (Diluted)	4.91B

Key Highlights

1Net income for the first six months of 2011 was $21.33 billion, up 54% from $13.86 billion in the same period of 2010.
2Earnings per share (diluted) for the first six months of 2011 increased to $4.32 from $2.93 in the prior year.
3Total revenues and other income for the second quarter of 2011 were $125.49 billion, a significant increase from $92.49 billion in the second quarter of 2010.
4Upstream segment earnings showed substantial growth, increasing to $17.22 billion for the first six months of 2011 from $11.15 billion in the prior year.
5Capital and exploration expenditures for the first six months of 2011 reached a record $18.13 billion, up from $13.40 billion in the prior year.
6The company returned $7.3 billion to shareholders in the second quarter of 2011 through dividends and share repurchases.
7Total cash and cash equivalents stood at $8.29 billion as of June 30, 2011.

EXXON MOBIL CORP Quarterly Report for Q2 Ended Jun 30, 2011

Summary

Financial Highlights

Key Highlights

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